Choose the correct comparison and rationale. ñAn emergency fund is most similar to...î
a.
...an insurance policy, because it might not cover all of your expenses.
b.
...an insurance policy, because it provides a measure of security against a disaster.
c.
...a savings fund, because it should be kept as liquid as feasible.
d.
...a savings fund, because it is a luxury that comes after paying bills or debts.